VICI Properties (NYSE:VICI) Price Target Cut to $30.00 by Analysts at Mizuho

VICI Properties (NYSE:VICI) had its price target lowered by Mizuho from $33.00 to $30.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

VICI has been the topic of a number of other research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Wedbush upgraded shares of VICI Properties from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $34.00 to $33.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

VICI Properties Trading Down 1.5 %

Shares of VICI Properties stock opened at $28.81 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $30.85 and a 200-day simple moving average of $31.38. The stock has a market cap of $30.37 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 4.12 and a beta of 0.94. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.4325 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 6.00%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Institutional Trading of VICI Properties

Several hedge funds have recently modified their holdings of the business. State Street Corp increased its holdings in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. Geode Capital Management LLC increased its stake in VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after purchasing an additional 608,696 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Legal & General Group Plc increased its position in shares of VICI Properties by 1.8% in the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after buying an additional 251,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after buying an additional 770,195 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.